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Welcome to this month's edition of the Tax and Business Alert. Our goal is to provide you with current articles on various tax and business topics. The articles are intended to keep you up to date on trends and issues that may impact your business and personal financial affairs. Please contact us if you have questions about any of the issues discussed. |
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Excluding Tax on Small Business Stock Gains Review Your Estate Planning Documents |
Excluding Tax on Small Business Stock Gains Owners of qualified small business stock can take
advantage of special rules that apply when the stock is sold at a gain. Tax Calendar Important upcoming tax dates. Child Tax Credit Taxpayers with qualifying children under age 17 are entitled to a child tax credit of $1,000 per child. Review Your Estate Planning Documents This year is a good time to review your estate planning documents, particularly those related to a bypass trust. Tax Saving Strategy for a Volatile Stock Market As most investors are painfully aware, stock markets are volatile, i.e., they move up and down generally in response to economic conditions. The past year is certainly indicative of how this volatility can impact the performance and value of a stock portfolio. Hybrid Vehicle Credit Update If you are considering a hybrid vehicle purchase in 2009, a tax credit of up to $3,400 may be enough to help make that decision. |
